Wuhan East Lake High-Tech share issuance plan expires

Wuhan East Lake High Technology Group Co., Ltd. announced that its plan to issue shares to specific targets has expired and become invalid. The resolution for this share issuance was approved at board and supervisory meetings on July 23, 2024, and a shareholders' meeting on November 20, 2024. The validity period for the resolution and the authorization granted to the board of directors was 12 months, from November 20, 2024, to November 19, 2025.

As of the announcement date, the validity period of the resolution has expired, rendering the share issuance plan automatically invalid. This expiration is not expected to significantly impact the company's daily operations.

The company stated it will formulate new capital market financing plans based on its business development and funding needs. Any new financing plans will adhere to relevant regulations and disclosure requirements. Investors are advised to be aware of investment risks.